SVP Credit & Risk Administration

Bay State Savings Bank • Worcester, MA

1d • Onsite

About The Position

We are seeking an experienced and strategic Senior Vice President, Credit Risk & Administration to lead the oversight, governance, and ongoing administration of our commercial credit function. This is a highly visible leadership role responsible for ensuring the strength, integrity, and performance of the Bank’s commercial loan portfolio. You will partner closely with Commercial Banking leadership and serve as a trusted advisor to executive leadership, Loan Committee, and the Board on all credit-related matters.

Requirements

• 10+ years of progressive commercial banking experience, including senior leadership in credit administration
• Deep expertise in underwriting, financial analysis, and portfolio risk management
• Strong knowledge of regulatory frameworks and credit governance
• Proven ability to lead teams and influence senior stakeholders
• Executive presence with strong communication and decision-making skills
• Strategic mindset with a disciplined approach to risk
• Bachelor’s degree in Finance, Accounting, or related field

Nice To Haves

• advanced degree or certifications preferred

Responsibilities

• Provide strategic leadership over credit administration, portfolio monitoring, and risk rating integrity
• Proactively identify and mitigate emerging credit risks
• Oversee classified assets, delinquencies, and workout strategies
• Ensure consistency and quality in underwriting and credit approval processes
• Review and challenge credit analyses and loan structures
• Promote sound credit practices aligned with loan policy and risk appetite
• Lead credit reporting for Loan Committee, Executive Committee, and Board meetings
• Serve as a key participant in Loan Committee governance and decision-making
• Lead the Allowance for Credit Losses (ACL) methodology and quarterly analysis
• Partner with Finance to ensure appropriate reserve levels
• Oversee loan policy development and ongoing enhancement
• Serve as primary liaison for regulators, auditors, and loan review
• Strengthen credit infrastructure, reporting, and workflows
• Ensure accuracy in loan documentation, reporting, and administration processes
• Build and lead a high-performing credit administration team
• Foster a strong risk culture grounded in accountability and analytical rigor
• Collaborate with business leaders to balance growth with disciplined risk management
• Provide insights on portfolio trends, market conditions, and credit strategy

Benefits

• compensation that is fair, competitive, and informed by the market
• salary range starts at $140,000 annually
• final offers determined based on a candidate’s individual qualifications, including experience, skills, education, and any relevant certifications
• thoughtful approach to internal equity, ensuring that compensation decisions are aligned with our existing team and consistent across the organization
• starting offers are typically positioned to allow for future progression over time
• encourage open dialogue throughout the hiring process and welcome any questions related to compensation and benefits to ensure clarity and alignment for both you and our team

What This Job Offers

• Job Type: Full-time
• Career Level: Senior